Tacoma’s Hilltop Neighborhood – A Renaissance

By Tom Hume It has been amazing to watch the transformation of downtown Tacoma and neighboring Hilltop, so named because it is perched on a bluff overlooking downtown, Commencement Bay and Mt. Rainier. I remember seeing Hilltop on the show “Cops” in Tacoma at a time when there was a proliferation of gang activity and crime. A lot has changed.... Read More »

Early Sign of Thaw?

New num’s…. Category…….Pending…..Active…..Ratio Overall…………110………628……..17.5% Sub $200K…….38………104……..36.5% $200-$300K……46………212……..21.7% $300-$400K……17………138……..12.3% $400-$500K……..4……….65………6.2% $500-$600K……..5……….33……..15.2% $600-$700K……..3……….27……..11.1% $700-800K……….0……….18………0.0% $800-$1M…………0……….18………0.0% Over $1M…………0……….21………0.0% There is improvement overall since December of more than three percentage points, but check out the sub $200K range. The improvement here is tremendous. Ordinarily I would say this will trickle up into the higher price categories as those lucky sellers, freed up at last... Read More »

Break it Down

I haven’t gone out of my way to promote this blog as yet, but a few people found my first posting. Thank you! Kym hit the nail on the head. The lower price points are moving better than the higher priced homes in Tacoma, University Place and Fircrest, probably for the very reasons she cites in her comment. First time... Read More »

Hey, Tom… How is the Market?

I get asked this question a lot. Rather than rely for my answer on gut feel alone, I like to continually understand what is really going. There is a nifty tool for that; the sales ratio. That sounds mathy, but the math couldn’t be easier. Sales Ratio is Pending Sales divided by Active Listings. No matter what market you are... Read More »